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Tesla says its Model 3 reservations are increasing every week – but overall deposits are decreasing

After proudly announcing reservation numbers for the Tesla Model 3 as the “biggest product launch of all-time”, Tesla has refused to officially update the number of reservations since May 2016.

They refused to confirm the number again this week during the first quarter financial result call, but CEO Elon Musk did say that reservations were growing every week despite the fact that Tesla’s total customer deposits were down. more…